UBS Discloses $1.5M XRP-Linked Holdings in SEC Filing

UBS Group, the Swiss banking giant managing over $5 trillion in assets, disclosed holdings in XRP-linked investment products in a recent filing with the U.S. Securities and Exchange Commission.

The SEC Form 13F filing reveals that UBS holds 197,369 shares in the Volatility Shares XRP ETF, valued at approximately $1.49 million, and 317 shares in the Grayscale XRP Trust, worth about $8,248, for a total exposure of roughly $1.5 million. The positions provide indirect access to XRP, the cryptocurrency associated with the Ripple payment network, through regulated exchange-traded funds and trust structures rather than direct ownership of the token.

This disclosure aligns with UBS's prior involvement in Ripple's ecosystem. The bank joined RippleNet, a global payments network, in 2016 alongside other major institutions. More recently, UBS became a strategic partner at Tenity in 2023, where Ripple later joined as a co-investor in 2024.

UBS is not alone in pursuing XRP exposure via such vehicles. Goldman Sachs reported nearly $154 million in XRP-related positions across multiple funds. Bank of America disclosed a smaller stake of about $224,000 in the Volatility Shares XRP ETF. Hedge funds...